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Weak activity in petrochemicals for mid-February
12:28 PM MST | February 19, 2013 | Lindsay Frost
Midmonth, midwinter blues have dampened activity on major petrochemical markets, players report, with trading being called lackluster. Crude oil was nominally higher and natural gas was nominally lower, while petrochemical prices were said to be generally higher, although with small increases. Spot naphtha in northwest Europe was reported higher by $20/m.t. That boost, plus continuing stable demand, helped drive spot olefins prices higher, sellers say. Ethylene notched ahead €30/m.t. ($40), while propylene added €20/m.t. Butadiene, calm for weeks...
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